Chart Color Schemes
This analysis uses ABS Statistical Areas Level 2 (SA2) boundaries, which can materially differ from Suburbs and Localities (SAL) even when sharing similar names.
SA2 boundaries are defined by the Australian Bureau of Statistics and are designed to represent communities for statistical reporting (e.g., census and ERP).
Suburbs and Localities (SAL) represent commonly-used suburb/locality names (postal-style areas) and may use different geographic boundaries. For comprehensive analysis, consider reviewing both boundary types if available.
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ABS ERP | -- people | --
2021 Census | -- people
Sales Activity
Curious about local property values? Filter the chart to assess the volume and appreciation (including resales) trends and regional comparisons, or scroll to the map below view this information at an individual property level.
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Sales Detail
What it costs to rent in Bankstown - South
Median weekly rents, year-on-year movement and bond-lodgement activity for Bankstown - South (2196). Sourced from the NSW Rental Bond Board, DCJ Family & Community Services.
Median rent
$613
per week · Q4 2025
YoY change
▲+29.1%
vs same quarter last year
Active bonds
≈1,924
est. · currently held
New bonds
≈135
est. · this quarter
Latest Quarter Breakdown · Q4 2025
| Dwelling | Bedrooms | Median $/wk | Active bonds | New bonds (Qtr) | YoY | Quality |
|---|
SOURCE: NSW Rental Bond Board (DCJ Family & Community Services), processed by AreaSearch. Imputed values are flagged. Latest publication:
Population
Bankstown - South lies within the top quartile of areas nationally for population growth performance according to AreaSearch analysis of recent, and medium to long-term trends
Bankstown - South's population is 19,282 as of May 2026. This figure represents an increase of 848 people since the 2021 Census, which recorded a population of 18,434. The growth was inferred from ABS data showing an estimated resident population of 19,222 in June 2025 and an additional 115 validated new addresses since the Census date. This results in a population density ratio of 4,362 persons per square kilometer, placing Bankstown - South among the top 10% of locations assessed by AreaSearch. Over the past decade, Bankstown - South has shown resilient growth patterns with a compound annual growth rate of 1.5%, outperforming its SA3 area. Overseas migration contributed approximately 73.5% to recent population gains in the area.
AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch utilises NSW State Government's SA2 level projections, released in 2022 with a base year of 2021. Growth rates by age group are applied to all areas for years 2032 to 2041. Based on projected demographic shifts, Bankstown - South is forecasted to experience significant population growth, increasing by 7,032 persons to 2041 and reflecting a total gain of 36.2% over the 16-year period.
Frequently Asked Questions - Population
Development
AreaSearch assessment of residential development activity positions Bankstown - South among the top 25% of areas assessed nationwide
Bankstown - South has seen approximately 73 new homes approved annually over the past five financial years. Specifically, from FY21 to FY25368 homes were approved, with an additional 32 approved so far in FY26. This results in a significant lag between supply and demand, leading to increased buyer competition and pricing pressures.
The average construction value for new properties is $253,000, which is below the regional average, suggesting more affordable housing options. In terms of commercial development, Bankstown - South has registered $54.1 million in approvals this financial year, indicating strong momentum. Compared to Greater Sydney, Bankstown - South records about three-quarters the building activity per person and places among the 61st percentile nationally when assessed for new building activity. The area's new building activity shows a skew towards compact living, with approximately 31.0% detached houses and 69.0% townhouses or apartments.
This trend offers affordable entry pathways and attracts downsizers, investors, and first-time purchasers. Bankstown - South has an established population density, with about 469 people per dwelling approval. Looking ahead, the latest AreaSearch quarterly estimate projects that Bankstown - South will grow by 6,972 residents through to 2041. If current construction levels persist, housing supply may lag behind population growth, potentially intensifying buyer competition and underpinning price growth in the area.
Frequently Asked Questions - Development
Development applications around Bankstown - South
Loading development applications…
| Lodged | Address | Description | Type | Distance | Status |
|---|
SOURCE: Planning portals and council registers, compiled by AreaSearch. Distance & bearing measured from the suburb midpoint.
Infrastructure
Bankstown - South has strong levels of nearby infrastructure activity, ranking in the top 40% nationally
Twenty-nine infrastructure projects have been identified by AreaSearch as potentially impacting the area. Notable ones include Bankstown Exchange (Stage 1 - Bankstown Central Masterplan), New Bankstown Hospital, Appian Way and North Terrace Drainage Upgrades, and Compass Centre Redevelopment. The following list details those likely to be most relevant.
Professional plan users can use the search below to filter and access additional projects.
INFRASTRUCTURE SEARCH
Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.
Frequently Asked Questions - Infrastructure
Bankstown TOD Accelerated Precinct
State-led Transport Oriented Development (TOD) Accelerated Precinct revitalising the Bankstown CBD and Metro station area. Rezoning took effect on 27 November 2024, enabling capacity for 14,000 new homes and up to 100,000 new jobs via 3.15 million square metres of commercial floor space. The plan features high-density mixed-use buildings up to 25 storeys, over 14 hectares of new and improved public open space, a new bus interchange, and enhanced walking and cycling links to Sydney Metro and heavy rail stations. Mandatory affordable housing contributions of 3-4% apply across the precinct, with all affordable homes managed by registered Community Housing Providers in perpetuity. Development applications can now be lodged, with a temporary State Significant Development pathway available until November 2027 for residential projects valued over $60 million. The NSW Government has committed $520 million to community infrastructure, active transport links, and open spaces across all TOD Accelerated Precincts. New public open spaces under the Parks for People program are planned for mid-2025 community exhibition.
New Bankstown Hospital
The NSW Government is investing $2 billion to deliver a new state-of-the-art hospital on the former TAFE NSW Bankstown campus site on Chapel Road, the largest single public hospital investment in NSW history. The latest design unveiled in April 2026 features a 14-storey hospital tower alongside a 10-storey car park providing at least 950 spaces (almost double the current capacity). The facility will include an expanded emergency department, operating theatres, intensive care, surgical and medical services, maternity and paediatric services, mental health, outpatients, aged health, and a Research and Education Centre. Located in Bankstown CBD with strong connections to bus, train and the future Sydney Metro, the new hospital aims to transform healthcare for the fast-growing south-west Sydney community. Enabling works commenced on site in March 2026 with Hindmarsh Construction Australia engaged following a competitive tender (contract awarded 16 February 2026), with site fencing installed and demolition of former TAFE buildings due to begin mid 2026. The early works Review of Environmental Factors (REF) was approved on 24 January 2026, and the State Significant Development Application (SSD-105396208) was lodged on 10 April 2026 with submissions closing 7 May 2026. Main works construction is expected to start in 2027 subject to planning approval, with completion targeted for 2031. Existing Bankstown-Lidcombe Hospital on Eldridge Road will continue operating throughout construction and later be repurposed for community health services.
Bankstown CBD Transformation
A multi-billion dollar urban renewal initiative. As of March 2026, the Bankstown Station transit interchange and a 90-meter pedestrian plaza have opened. The 2 billion dollar New Bankstown Hospital is in the enabling works phase on the former TAFE site with main construction slated for 2027. Major stormwater upgrades to protect the CBD from 1-in-100-year floods were completed in August 2025. The Sydney Metro City and Southwest line is in final testing, with services to Bankstown expected to commence in the second half of 2026. The precinct is designated as a Transport Oriented Development (TOD) Accelerated Precinct, facilitating up to 14,000 new homes.
Community Infrastructure Strategic Plan 2050
The Community Infrastructure Strategic Plan 2050 (CISP) is a long-term framework adopted by Canterbury-Bankstown Council to guide the planning and delivery of 149 community facilities over the next 25 years. The plan focuses on consolidating ageing, fit-for-purpose assets into modern multipurpose hubs. Key initiatives include the redevelopment of the Canterbury Leisure and Aquatics Centre, new district libraries, youth centres, and enhanced cultural spaces. The strategy is designed to support a population expected to reach 500,000 by 2036, with priority growth areas identified in the Bankstown CBD and Campsie precincts.
Bankstown Central Masterplan
Vicinity Centres' long-term Bankstown Central masterplan proposes to transform the 11.4 ha shopping centre site into a mixed-use health, education and innovation precinct. The vision includes about 300,000 sqm of new buildings across 16 development sites, with commercial offices, retail and dining, residential apartments, student accommodation, hotel uses, childcare, open space and transport integration. Stage One, Bankstown Exchange, has development approval for three A-grade commercial office buildings totalling about 30,000 sqm with ground-floor retail, Eat Street dining, public open space, a relocated bus interchange, basement parking and end-of-trip facilities. The broader 2022 planning proposal for about 19 towers is listed by the NSW Planning Portal as Not Proceeding, while Vicinity's FY25 update notes approved LEP controls supporting a potential residential opportunity at Bankstown Central under the NSW TOD program.
Bankstown Exchange (Stage 1 - Bankstown Central Masterplan)
Bankstown Exchange is the initial phase of the 30-year Bankstown Central masterplan, creating a vibrant mixed-use destination. The project includes approximately 30,000 sqm of modern office space across three buildings, a new 'Eat Street' dining precinct, and 5,000 sqm of landscaped public space. It features a revitalized bus interchange to integrate with the Sydney Metro City and Southwest line. The development is designed to support the Bankstown Health and Education Innovation Precinct (BHEIP) and includes basement parking for 320 cars and 240 bicycles.
Compass Centre Redevelopment
Redevelopment of the Compass Centre site into a mixed-use precinct comprising a 5-storey podium and three towers. The proposal includes a 19-storey hotel with approximately 169 rooms and two 24-storey build-to-rent residential towers providing 339 apartments. The precinct will feature a supermarket, retail shops, a gym, a medical centre, childcare, and a function centre. It aims to improve connectivity with through-site links between Bankstown Station and Paul Keating Park, alongside significant public domain and landscaping upgrades.
Punchbowl Station Upgrade - Sydney Metro City & Southwest
Conversion of the heritage-listed Punchbowl Station, originally opened in 1909, to fully automated metro standards as part of the Sydenham to Bankstown extension of the M1 Metro North West & Bankstown Line. The station closed on 30 September 2024 to allow conversion works, with new lifts installed for the first time, level access between platforms and trains via mechanical gap fillers, platform screen doors, refurbished station buildings, upgraded platform surfaces and a new kiss and ride zone. The works are part of the Dulwich Hill, Campsie and Punchbowl station package delivered by Downer EDI Works (valued around 107 million AUD), with broader corridor works including 28.3 kilometres of new railway fencing, road-over-rail bridge upgrades and platform screen door installation. Once open, customers will have a new air-conditioned metro train every four minutes in the peak, equating to 15 trains an hour compared to eight previously. High-speed dynamic testing at up to 100 km/h commenced in November 2025, with around 9,000 hours and 30,000 kilometres of testing required before opening. Services are scheduled to commence in the second half of 2026, with a target opening of September 2026, after delays attributed to industrial action and the complexity of converting a 130-year-old line.
Employment
AreaSearch assessment indicates Bankstown - South faces employment challenges relative to the majority of Australian markets
Bankstown - South has an educated workforce with diverse sector representation. Its unemployment rate was 8.5% in the past year, with estimated employment growth of 5.5%. As of December 2025, there were 8,658 residents employed, but its unemployment rate at 4.3% is higher than Greater Sydney's rate of 4.2%.
Workforce participation stands at 60%, lower than Greater Sydney's 68.8%. Census data shows that 28.3% of residents worked from home, potentially influenced by Covid-19 lockdowns. Employment is concentrated in health care & social assistance, retail trade, and manufacturing, with a strong specialization in manufacturing at 1.7 times the regional level. However, professional & technical services are under-represented at 7%.
Many residents commute elsewhere for work. Between December 2024 and December 2025, employment levels increased by 5.5%, labour force grew by 5.3%, reducing the unemployment rate by 0.2 percentage points. In contrast, Greater Sydney saw employment grow by 2.2% and unemployment rise marginally. Jobs and Skills Australia's national employment forecasts from May-25 project overall growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Bankstown - South's industry mix suggests local employment should increase by 6.2% over five years and 13.2% over ten years, though this is a simplified extrapolation for illustrative purposes.
Frequently Asked Questions - Employment
Income
The area's income levels rank in the lower 15% nationally based on AreaSearch comparative data
AreaSearch's latest postcode level ATO data for financial year ending June 2023 indicates that Bankstown - South SA2 has lower incomes compared to national averages. The median income is $44,195 and the average income stands at $53,209. In contrast, Greater Sydney's median income is $60,817 with an average of $83,003. Based on Wage Price Index growth of 10.32% from July 2023 to March 2026, estimated incomes would be approximately $48,756 (median) and $58,700 (average). According to the 2021 Census, Bankstown - South SA2 ranks at the 24th percentile for household income ($1,355 weekly) and the 5th percentile for personal income. The earnings profile shows that 31.2% of locals (6,015 people) fall into the $1,500 - $2,999 category, similar to the regional pattern of 30.9%. Housing affordability is severe, with only 76.7% of income remaining, ranking at the 16th percentile.
Frequently Asked Questions - Income
Housing
Bankstown - South features a more urban dwelling mix with significant apartment living, with a higher proportion of rental properties than the broader region
Bankstown - South's dwelling structure, as per the latest Census, showed 36.2% houses and 63.8% other dwellings (semi-detached, apartments, 'other' dwellings). This contrasts with Sydney metro's 55.9% houses and 44.1% other dwellings. Home ownership in Bankstown - South was at 24.3%, with mortgaged dwellings at 24.9% and rented ones at 50.8%. The median monthly mortgage repayment in the area was $1,820, lower than Sydney metro's $2,427. Median weekly rent was $415, compared to Sydney metro's $470. Nationally, Bankstown - South's mortgage repayments were below the average of $1,863, while rents were substantially higher than the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Bankstown - South features high concentrations of group households, with a higher-than-average median household size
Family households account for 74.3% of all households, including 37.3% couples with children, 18.4% couples without children, and 16.4% single parent families. Non-family households constitute the remaining 25.7%, with lone person households at 21.1% and group households comprising 4.6%. The median household size is 3.0 people, larger than the Greater Sydney average of 2.7.
Frequently Asked Questions - Households
Local Schools & Education
Educational outcomes in Bankstown - South fall within the lower quartile nationally, indicating opportunities for improvement in qualification attainment
Bankstown has a lower proportion of residents aged 15 and above with university degrees compared to Greater Sydney. Specifically, 28.3% of Bankstown's residents have such qualifications, while the figure for Greater Sydney is 38.0%. This discrepancy suggests potential for educational advancement and skill improvement in Bankstown. Among those with university degrees, bachelor degrees are most common at 19.9%, followed by postgraduate qualifications (7.2%) and graduate diplomas (1.2%).
Vocational pathways account for 24.1% of qualifications among residents aged 15 and above, with advanced diplomas making up 10.6% and certificates 13.5%. Educational participation in Bankstown is high, with 35.3% of residents currently enrolled in formal education. This includes 10.0% in primary education, 8.4% in secondary education, and 7.8% pursuing tertiary education.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
Bankstown-South has 108 active public transport stops offering a mix of train and bus services. These stops are served by 46 individual routes that facilitate 8,747 weekly passenger trips in total. The area's transport accessibility is rated excellent, with residents typically residing 141 meters from the nearest stop. Primarily residential, most commuters travel outward. Cars remain the dominant mode of transport at 73%, followed by trains at 14% and buses at 5%. On average, there is one vehicle per dwelling, which is below the regional average.
Notably, 28.3% of residents work from home, as reported in the 2021 Census, potentially influenced by COVID-19 conditions. Service frequency averages 1,249 trips daily across all routes, equating to approximately 80 weekly trips per individual stop. The accompanying map displays the 100 nearest stops to the location's centrepoint.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
The level of general health in Bankstown - South is notably higher than the national average with both young and old age cohorts seeing low prevalence of common health conditions
Bankstown - South shows better-than-average health outcomes, as assessed by AreaSearch using mortality rates and chronic condition prevalence. Both younger and older age groups have low prevalence of common health conditions. Private health cover is unusually low, at around 46% of the total population (approximately 8,927 people), compared to 59.9% in Greater Sydney and a national average of 55.7%.
The most prevalent medical conditions are diabetes (affecting 5.3%) and arthritis (5.0%), while 79.4% of residents report no medical ailments, compared to 74.6% across Greater Sydney. The area has 14.7% residents aged 65 and over (2,840 people), with health outcomes among seniors being above average, generally in line with national rankings for the general population.
Frequently Asked Questions - Health
Cultural Diversity
Bankstown - South is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics
Bankstown-South has a population where 61.1% were born overseas, with 81.1% speaking languages other than English at home. Christianity is the predominant religion in Bankstown-South, comprising 35.1%. Buddhism, however, is more prevalent here at 13.9%, significantly higher than Greater Sydney's average of 4.1%.
In terms of ancestry, 'Other' tops at 24.7%, Vietnamese follow at 22.3%, and Lebanese are at 12.4%, all substantially higher than regional averages of 16.0%, 1.8%, and 2.6% respectively. Notably, Macedonian (2.1%), Greek (3.1%), and Samoan (0.7%) groups are also overrepresented compared to regional figures of 0.4%, 1.9%, and 0.5%.
Frequently Asked Questions - Diversity
Age
Bankstown - South hosts a young demographic, positioning it in the bottom quartile nationwide
Bankstown-South's median age is 34 years, which is lower than Greater Sydney's average of 37 and Australia's average of 38. Compared to Greater Sydney, Bankstown-South has a higher proportion of residents aged 25-34 (18.4%) but fewer residents aged 35-44 (13.8%). Between the 2021 Census and present day, the population of those aged 65-74 has increased from 7.2% to 8.6%, while the proportion of those aged 5-14 has decreased from 12.2% to 11.2%. By 2041, demographic forecasts indicate significant changes, with the strongest growth projected for the 45-54 age group, which is expected to increase by 48%, adding 1,041 residents and reaching a total of 3,228.